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Alternative Market Briefing

Lyxor partners with Corsair to launch first daily fund on its alternative UCITS Platform

Friday, June 05, 2015

Komfie Manalo, Opalesque Asia:

Lyxor Asset Management has inked a partnership deal with Corsair Capital Management to launch the Lyxor/ Corsair Capital Fund. By adding this new UCITS-compliant U.S. long/short equity strategy, Lyxor introduces its first fund with daily liquidity within its alternative UCITS offering.

The fund seeks to capture the performance of U.S. equities with less risk, by preserving capital in down markets and using no leverage. It invests with a long bias focused primarily on U.S. mid-capitalization companies going through strategic and/or structural change, as those companies often have little analyst coverage and a complicated financial story. It is this information gap between market consensus and Corsair’s proprietary research that creates an investment opportunity and generates alpha.

Corsair is managed by Jay Petschek and Steve Major, who lead an experienced team of twelve. The strategy deployed by Corsair since 1991 has outperformed the U.S. equity markets over multiple market cycles with less risk, and enabled them to develop a consistent investment process, with both co-portfolio managers working side by side for nearly 18 years. The value-oriented strategy and catalyst-driven approach they have developed are uncommon in the UCITS universe and seem best fit to take advantage of U.S. equities.

The fund, which is now passported in nine countries, is available on Lyxor’s Alternative UCI......................

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